HomeMy WebLinkAboutRDA Reso 1998-1591 RESOLUTION NO. 1591
RESOLUTION OF THE REDEVELOPMENT AGI"NCY OF THE CITY OF
CHULA VISTA APPROVING A SEMI-EX(: LUSIVE ' NEGOTIATING
AGREEMENT WITH CHRISMA']-i' CORPORATION :)BA THE PIERI COMPANY
REGARDING DEVELOPMENT OF A MIXED USE COMMERCIAL CENTER
PROPOSED AT THE NORTHWEST CORNER OI THIRD AVENUE AND H
STREET
WHEREAS, provisions identifying the parcel (e.g.; )roximately 4-1/2 acres at the northwest
corner of Third Avenue and H Street within Town Centre I Project A'ea) and suggesting conditions of blight on
the paine] (e.g. multiple ownerships/irregular/vacant pamels, under Jtilized, etc.).
WHEREAS, the Agency desires to redevelop the site for purposes of eliminating blight in
accordance with the Plan; and
WHEREAS, Chrismatt Corporation dba Pieri Compa ~y ("Developer"), has submitted a proposal
for a mixed use commemial development which would include Age 3cy-owned property; and
WHEREAS, the Developer has requested an agreem :nt with the Agency for the right to negotiate
a Disposition and Development Agreement; and
WHEREAS, Community Redevelopment Law require~ the extension of Owner Participating Rights
to tenants currently located on the site.
NOW, THEREFORE, THE REDEVELOPMENT AGE ~ICY OF THE CITY OF CHULA VISTA does
hereby approve a Semi-Exclusive Negotiating Agreement with Chlismatt Corporation for the development of
a mixed use commercial development at the northwest corner of Third Avenue and "H" Street in the form
presented.
BE IT FURTHER RESOLVED that the Chairperson ¢ f the Redevelopment Agency is authorized
to execute said agreement in a final form approved by the Agency Attorney.
BE IT FURTHER RESOLVED that Redevelopment ,gency staff is hereby directed to promptly
extend Owner Participation Rights to all qualified owners, tenants, and other property interest holders at the
project site in accordance with the requirements of state law and ~e Town Centre I Redevelopment Plan.
Presented by Approve as to form by
Chris Salomone J(~'n M. (aheny(
Community Development Director A~)e.~cy~
Resolution 1591
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA,
CALIFORNIA this 16th day of June, 1998 by the following vote:
AYES: Members Moot, Padilla, Rindone, Salas and ChaidMayor Horton
NOES: None
ABSENT: None
ABSTENTIONS: None
Shirley Hort~Jn
Chairman
A'i-I'EST: ~',-- ~
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss:
CITY OF CHULA VISTA )
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula Vista, California DO
HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No. 1591 and that the same
has not been amended or repealed.
Dated: June 17, 1998 ~ ~
Chris Salomone
Executive Secretary